Color is the next generation platform for high-performance sophisticated Decentralized Applications. At Color, we’re building a platform to host sophisticated dApps to attract users and build a community. These dApps employ human-centered design so non-technical users may adopt the platform. By removing the technical barriers to entry and making dApps easy, anyone should be able to use them. Color dApps will be powered by a single unifying cryptocurrency, the “Color Coin(COL)”. We have also built Colorchain which utilizes PUF(Physical Unclonable Function) chips to enable true P2P transactions. Last but not least, the Pixel Program was adopted to foster the growth of the gift-giving economy.
1. Colorful dApp Store
The Color Platform’s, "Colorful dApp Store" isn’t just a slogan. The Color Team plans to create an ecosystem in which we provide a plethora of “mega dApps”, including Dailytto, Reward Inc., Color design, Color Guide, which are powered by the Color Coin(COL). Color’s unique competitive advantage over existing blockchain architecture lies in being able to utilize everyday services with a single currency in real-time without the scalability issues of existing blockchain architecture.
2. Token Distribution System : Pixel Program
The Color Platform also utilizes the “Pixel Program” to ensure fair distribution of Color Coins and to enable the gift economy. The main disadvantage of the current system is that the gap between the rich and poor is ever-growing. It was a structure in which early prospectors and people with large amounts of coins took larger wealth. To solve this, The Pixel Program of Color was created based on the concept of a Seed Program validated by MyCreditChain. In the Pixel Program, five pixels are provided every 24 hours to the individuals who have been KYC verified, and the pixels must be transferred to another wallet within 24 hours to be redeemed as Color Coin. The Pixel Program prevents the unfair distribution of wealth, not only for individuals, but also for charities, non-profits, and startups. While the core distribution of pixels is organic, the Color Team is planning to develop various dApps to accelerate the distribution of pixels.